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LIVEJosé_Argentina
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I don't think this is the starting signal for the long-awaited #BullRun🐂 . As I said in a previous post, this rise comes from Asia, in response to the measures announced by China and which are expected to help avoid a global recession.
But as always happens with news, over time its effects diminish and the price tends to correct.
Why do I think it's still early for the Bullrun? Because we still have to wait for the decision of the FED, which may not lower rates another 50 points as expected following the latest CPI in the USA; and because the US elections have an open result and will bring a lot of volatility.
On this last point, it is likely that if the polls show Trump as the favorite, the market will get ahead and today's increase will be sustained, but at the cost of great volatility. These will be weeks of a lot of adrenaline in the markets!
But as always happens with news, over time its effects diminish and the price tends to correct.
Why do I think it's still early for the Bullrun? Because we still have to wait for the decision of the FED, which may not lower rates another 50 points as expected following the latest CPI in the USA; and because the US elections have an open result and will bring a lot of volatility.
On this last point, it is likely that if the polls show Trump as the favorite, the market will get ahead and today's increase will be sustained, but at the cost of great volatility. These will be weeks of a lot of adrenaline in the markets!
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